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CGEGIS Table 01 July 2020 to 30 September 2020: Two Tables of Benefits for the savings fund issued by DoE vide OM dated 19.08.2020

September 3, 2020 by wpadmin Leave a Comment

CGEGIS Table 01 July 2020 to 30 September 2020: Two Tables of Benefits for the savings fund issued by DoE vide OM dated 19.08.2020

No. 7(2)/EV/2016
Government of India
Ministry of Finance
Department of Expenditure

New Delhi, the 19th August, 2020

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the savings fund for the period from 01.07.2020 to 30.09.2020.

The Tables of Benefits for Savings Fund to the beneficiaries under the Central Government Employees Group Insurance Scheme-1980, which are being issued on a quarterly basis from 01.01.2017 onwards, as brought out in this Ministry’s OM of even number dated 17.03.2017, for the quarter from 01.07.2020 to 30.09.2020, as worked out by IRDA based on the interest rate of 7.1% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No. 5(2)-B(PD)/2020 dated 13.07.2020, are enclosed.

2. The Tables enclosed are of two categories as per the existing practice. As hitherto, the first Table of Benefits for the savings fund of the scheme is based on the subscription of Rs.10 p.m. from 1.1.1982 to 31.12.1989 and Rs.15 p.m. w.e.f. 1.1.1990 onwards. The second Table of Benefits for savings fund is based on a subscription of Rs.10 p.m. for those employees who had opted out of the revised rate of subscription w.e.f. 1.1.1990.

3. While these orders are in respect of Table of Benefits for the period from 01.07.2020 to 30.09.2020, the Tables already issued for the first quarter i.e from 01.01.2020 to 31.03.2020 and second quarter i.e from 01.04.2020 to 30.06.2020 are also reproduced for the sake of convenience and consolidation.

4. In their application to the employees belonging to Indian Audit and Accounts Department, these orders are issued under Article 148(5) of the Constitution and after consultation with the Comptroller & Auditor General of India.

Hindi version of these orders is attached.

(Amar Nath Singh)
Director

Related posts:

  1. CGEGIS Scheme Tables of Benefits for the savings fund for the period from July to September
  2. CGEGIS 1980 – Tables of Benefits for the Savings Fund for the Period from 01.07.2019 to 30.09.2019
  3. CGEGIS Benefit Table For Savings Fund From 1.10.2018 to 31.12.2018
  4. CGEGIS Tables of Benefits for the Savings fund from January to March 2019
  5. CGEGIS 1980: Tables of Benefits from April to June 2018
  6. CGEGIS Calculation Table 2020
  7. Revision of Interest Rates for Small Savings Scheme w.e.f. 01.01.2020 – DOP
  8. CGEGIS 1980 – Tables of Benefit for the Savings Fund for the period from 01.04.2018 to 30.06.2018
  9. Retirement Benefits for Govt Staff
  10. Enhancement of Insurance Coverage under CGEGIS – Bharatiya Pratiraksha Mazdoor Sangh (BPMS)

Filed Under: CGEGIS Tables Tagged With: CGEGIS, CGEGIS 1980, CGEGIS Tables, CGEGIS Tables of Benefits, Finmin Orders

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